Liverpool City Council says it is procuring a partner to work on a 20-year development, investment and regeneration plan.
The council aims to execute its ambition through its existing development pipeline, featuring its own building and land assets, as well as those of the wider public and private sector estates.
The strategy is set to particularly focus on growth across life sciences, digital and creative, and advanced car manufacturing sectors.
In addition, the council is expected to prioritising development of ‘good quality’ neighbourhoods, active travel and achieving net-zero carbon.
Liverpool is home to the Knowledge Quarter, a 450-acre urban innovation district that hosts firms working across science, health, technology, education and the creative performing arts sectors.
The development will form part of England’s second investment zone, which is expected to deliver a £310m boost across Liverpool City Region.
The city also has growth opportunities based around the Liverpool Waters northern docks development, the Liverpool City Region Freeport, the Baltic Triangle creative quarter, and the waterfront and central business district.
The council will be working in partnership with Homes England, the Liverpool City Region Combined Authority and key city stakeholders on the strategy, which is expected to be completed by March 2024.
Liverpool City Council cabinet member for growth and economy Nick Small said: “We already have a number of exciting developments under way which will deliver huge benefits for our city, ranging from the work in the north docks through to the film studios at the Littlewoods Building and the success of the Knowledge Quarter.
“This is just one element of the work that is going on across the organisation at the moment to make sure we transform how we work and maximise the opportunities for our residents and businesses.”
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